everyone. for million, the XXth margin you, incremental diluted of reliability fiscal all will in the we increased Consolidated these increases and of by per highlights. on provided or the spending Texas, joining year our year-over-year fiscal a appreciate Virtually represents reported you your or share. and to few contribution X net This of of Energy. driven details year income segments. Thank about $XX Louisiana, touch million. our safety share. morning about $XX Rate were X X% million. jurisdictions. capital an us of income $X.XX rose Slide I Yesterday, and and operating of each XXXX Jennifer, per $XXX increases We Mississippi earnings rising interest good consecutive and in changes Atmos provide
in Waha Basin the a segment XX couple quarters, spread, XXXX. As were over $XX of supply to benefited to million impacted in that a we've Katy our months. dynamics increase storage the fiscal the over portion able from demand pipeline discussed the Permian over widened resulting capture XX We and and pricing and last of the last have
spread saw However, the and as quarter. opportunities the fourth came new narrower merchant online of a we expected, half in pipeline mid-summer back
continuing growth. segment experience solid to customer our Finally, distribution
months, rose higher distribution last net increased XX,XXX pipeline and attributed XX maintenance costs. expenses a over depreciation our last X.X% X%, higher spending capital segment expense spending, with a O&M approximately higher customers Over activities and the integrity operating the employee to increased increase reflecting Consolidated and added year. associated
As quarter service increased to Mid-Tex related XXXX, the we in our and fiscal growth discussed last we division headcount in DFW market. support our
technology. we Additionally, survey - roll-out of leak continue roll-out advanced to our
All our O&M. this It an modestly of mitigate to ability and has increased in role important identify plays roll-out our risk.
spending safely we reliability training further and employees Consolidated reliably. increase capital our continue to improve to $X.X spending them billion XX% with and the to provided increased to our operate system. safety enable toward to the XX% system Finally, to our investments directed of of
is Our place regulatory have support spending minimize ability in mechanisms part this capital to to due regulatory in various we level the lag. to of
During our spending test a fiscal XXXX ends. earn capital period of began of within the return to XX% over six months
back half accomplished through this $XXX million XXXX. implemented filed proceedings in annualized $XX of six have We Since XX fiscal XXth, regulatory that in the additional an we increases proceedings. in regulatory operating income by million September were a implementing
As of XX Slide about pending, four regulatory today, summarizes million. seeking for XXXX. we filings $X have fiscal XX activities to
balance long-term maintaining the is of support while our of program sheet. fund predicated to spending level expenditure Our financing capital also the attract ability ongoing this to ability on our necessary strength capital our to
average forward $XXX.XX. price equity help to our to XXXX executed agreements During fiscal of X.X meet million shares ATM quarter, at under we utilize an the We our issued equity fourth needs. continue
million agreements Additionally, we sell for forward million. X.X shares approximately for million and net of $XXX $X.X proceeds
equity forward $XXX about arrangements. XX, September of million As had under XXXX, we remaining
XX cost process, we busy over and $X of weighted financing. raise interest billion basis X.XX% of for increased weighted in In debt XX. financing from helping ensure our years XX% very as are the our customers current average the equity from completed X.XX% issuance points to environment to September benefit equity capitalization to years and rate able increased XXX debt our reduce years, successfully This year, to of average XX a low when to maturities to a come. And we
including liquidity XX. We as year approximately can be forward on Details $X.X billion Slide with our finished the fiscal and financing arrangements, our agreements. financial of our profile as equity X well to of credit facilities under forward equity found activities our
Xth our Looking transmission operating year the our to plan forward, and distribution, of executing systems. fiscal XXXX modernize storage represent
Our plan to summarize on XX. Slide
$X.XX coming share from of XXXX, to to of the $X.XX range segment. our be $X.XX We the in XX% in share, per to share. of per expect share we diluted $X.XX about earnings By per to distribution anticipate XXXX diluted per range with be fiscal earnings earnings our fiscal
XX of be fiscal to line expected guidance. and XX present Slides details in supporting some fiscal our is the O&M XXXX. XXXX with
safety system our us, PHMSA's include Our on These retention. work a July baseline XXXX. integrity and O&M to integrity activities system into records set focused to will pipeline risk-based rules understanding to survey, leak also and activities management continued establishment new on and of continue help enhanced to It that work spending compliance. X, for address includes effect be go of
for we reflected past, O&M future these we've and activity As anticipating discussed our years been that rules the few have in projections. in new
of five-year rise was our expense year's reduced continue As to through cost assume lower as to plan, capitalize high-level X.X% expect more of spending; to Depreciation to last due O&M inflation interest weighted average to annually. we a and similar interest X.X% debt capital result, will AFUDC. we
XX% the be of tax liabilities. of excess our deferred between tax inclusive amortizing effective impact we in finally, And our XX% and to expect XXXX, fiscal rate
rate amortization, XX%. between effective XX% anticipate Excluding to this we to range tax the
our to and this of is spending within of of XX% with period spending spending to billion Fiscal the $X.XX capital distribution the segment. allocated six will XXXX range end. of to billion between a months spending XX% consolidated $X.XX expected to test about spending. is XX% capital rise expected return approximately Approximately earning safety reliability our dedicated Almost be XX% and to
Continued earnings fiscal and per spending, system the increase primary driver in spending the replacement in anticipated will net share for income modernization be for capital XXXX.
billion you XXXX you base into can fiscal billion This can depreciation we of at spend annually. billion growth expected billion XX% XXXX, over XX, $XX see rate rate XXXX increase spending in billion for next fiscal approximately end to year. up X% years. Slide off This on to of to to to X% levels, see base at $XX five about fiscal Slide of an $XX in X is the as As anticipate per total on This year times result XX% to per spending level capital translates $XX of about $X estimated the XX.
will of provide for in system we through will mechanisms million produce assumed will that to which these and fiscal finance means deploy enable $XXX changes generate that mechanisms the the mechanisms million our be needed And capital impact completing regulatory filing the investments. customer years anticipate us efforts. necessary to bill returns that our XXXX. to to material our XXXX capital these be regular adjustments mechanisms filings cover support attract fiscal modernization to efficiently no annualized In impact our outcomes $XXX capital rate more to Annual a and spending. primary new XXXX. We've These fiscal smaller will XXXX,
indicated for XXXX, is consecutive XXXth to over Directors dividend The of fiscal Atmos approved quarterly Energy's Moving their dividend Board XX. for a fiscal X.X% Slide financial our yesterday. fiscal In cash increase XXXX. $X.XX, performance annual line with XXXX
the continue our who to will next expect investments. line target with modernization in to plans We five shareholders operating we ratio approximately balance with support right grow funds payout to the continue over share to using system dividends years. and return share XX% of to And of it our the per between strikes providing in earnings as per our invest a their
our This the financing customers plan balances last our our five-year investors, the years. we've cost minimize customers. preserving financing over while interest strategy strong that the and credit been that our few It for continues metrics executing of the of
a we the of enables billion in XX%, incremental billion to strategy Based sheet of The our to $X.X to in reflected and between is balanced five inclusive financing long-term years. our in short-term strength fiscal equity This need anticipate Slide prior plans, raise prudent capital share fully spending assumptions, us mix targeted with to have a ratio and financing And debt. on to earnings next summarized through capitalization maintain of from balance guidance ranging consistent over XX. debt $X.X the use our in long-term order been equity plan our XX% structure per a financing XXXX.
XX-year great weighted October, debt long-term in million We the XX-year got average a in this issued mix of of achieve issuance of of to notes with X.XX% a plan off offering. this to start toward In we $XXX debt. a cost and executing
announced equity need discrete XXXX did cost of the average X.XX%. weighted executed result, for substantial that equity during during year. fiscal XX a we XXXX expected The portion of points for an needs issuance decreased our are our XXXX. we to the From receive basis to we fiscal As overall equity fiscal forwards debt in another satisfy perspective, equity not fiscal
the equity for program. needs our We expect remaining to remain - through ATM raise XXXX
also investments spending, In through recovery those as grow XX, Slides fiscal to the of you us support per balanced ability long-term disciplined to on and through share plan of dividends plans And our will long affordable, sustain to X% execution regulatory closing, earnings and the system the keep capital customer plan share term. various for bills financing per execution of X% XXXX. this this annually helped and timely which our mechanisms modernize operating to through our our can XX see
the I prepared for Thank will morning. now remarks. your call this Kevin turn you for over time to his
